Going Long

Buying an asset with the expectation its price will rise.

Detailed Definition

Going long (or taking a long position) means buying a security, commodity, or currency with the expectation that the asset will rise in value in the future.

Related in General Trading

Liquidity

How easily an asset can be converted into cash.

Correction

A reverse movement of at least 10% in an asset's price.

Portfolio

A collection of financial investments.